Thursday 17 August 2017
 
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Central Bank

Short-term deposits in UAE banks hit $119bn in H1

The total value of short-term deposits in UAE banks reached Dh439.7 billion ($119 billion) by the end of June, rising by Dh27.9 billion during the first half of the year, according to UAE Central Bank statistics. According to Cent

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Bahrain issues crowdfunding regulations

The Central Bank of Bahrain (CBB) has released regulations for both conventional and Shari’a compliant financing-based crowdfunding businesses. For the first time it will be possible for small and medium sized businesses in

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Egypt foreign reserves hit $36bn, highest since 2010

Egypt's foreign reserves reached $36.036 billion at the end of July, returning to pre-2011 levels for the first time since the 25th January uprising, the Central Bank of Egypt (CBE) announced on Tuesday. Foreign net reserves j

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UAE surplus reserves surge to top $11.6bn in June

Surplus reserves at UAE banks and other financial institutions surged to Dh42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 per cent, or Dh18.7 billion, from Dh24.1 billion in the first month of the year 2017, according to UAE C

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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Bahrain cbank mulls sandbox for fintech start-ups

The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox that will allow start-ups and fintech (financial technology) firms to test and experiment their banking ideas and solutions. The creati

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UAE public, private sector deposits top $11bn in Q1

Bank deposits made by UAE’s public and private sectors amounted to Dh41.4 billion ($11.27 billion) at the end of the first quarter (Q1) of the year, according to recent statistics by the UAE Central Bank. Driven by improved

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Maintaining stability priority, says Qatar cbank chief

Changing economic landscape of Qatar will mean that the framework governing the country’s financial sector would inevitably need to evolve, but maintaining financial stability remains the priority, says the Governor of Qatar Central Bank i

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Bahrain cbank launches mentoring programme

The Central Bank of Bahrain (CBB) and the Bahrain Institute of Banking and Finance (BIBF) have announced the launch of the second batch of a mentoring programme for undergraduate university students, reported the Gulf Daily News, our si

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